What’s The Advantage Of Preplanning? Whether you’re making a grocery list or opening a business, planning really helps. At some point in your life, you may have to deal with a serious health-related crisis. Read the scenarios below to learn how preplanning will beat an emergency response. Scenario #1: Preplanning Robert’s great-aunt Matilda has been…
DetailsWhat Is A Pour Over Will? Some people figure a simple Will is all they need. Or maybe they’ve decided that more advanced estate planning is needed, so they set up a revocable living trust. Let’s look at two scenarios: Dwight, who used a traditional Will, and Marcia, who used a pour-over Will and living…
DetailsHow To Handle Your Business After Retirement After a busy career running the family business, you may not want to just sit around scrap booking or playing bingo every day. Of course, you retired because you don’t want to work every day. You may want to keep your hand in, though, by consulting for the…
DetailsThe person who creates a trust is called a trustor or a settlor. Once the ink is dry on a trust document, the trustor may think their work is over. Not true. The trust is just like an empty vessel that needs to be filled up. If you’ve created a trust, here’s what you need…
DetailsWe all do it. Procrastinate. How many times do we start to-do lists, then forget about them? Sometimes it just seems easier to make excuses than to act. Excuse-making is pretty common when it comes time to think about estate planning. Talking about death is not a comfortable thing, but it IS important to your…
DetailsSimple Estate Planning From A Distance Executors take on a lot of responsibility. Gathering assets, notifying heirs, and reviewing claims against the estate take time. It’s that much more difficult when the executor lives out of state and has to settle an estate from a distance. Difficult, but not impossible. Are You Qualified? If you’re…
DetailsSometimes It Seems Like Celebrities Have It All The world is their oyster. They’ve got money, possessions, fame, and high-paid advisers. Yet, they still make mistakes. Take acclaimed actor Phillip Seymour Hoffman as an example. He died unexpectedly at age 46, leaving behind his long-time girlfriend, three children – and a tangled estate mess. Failed…
DetailsYou’ll read about it every day. Another person has fallen victim to a scam or their identity has been stolen. It can take years to remove inaccurate information from creditor reports. Even worse, someone may steal your hard-earned nest egg. Understanding identity theft and other scams can help you avoid becoming a victim. Be Careful…
DetailsMany estate plans include at least one trust. They’re a common estate planning tool and, for some people, they provide solutions and benefits to common problems. Depending on your needs, there are typically three major benefits to using a living trust. Anatomy Of A Trust While there are different types of trusts, most trusts are…
DetailsAt Some Point, The Owner Of A Family-owned Business May Need To Transfer Ownership Instead of selling the business outright to a stranger, it seems best to transfer it to the employees or to family members. Maybe they’ve been loyal, hardworking, and have a real grasp of what it takes to keep the business going:…
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